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Floodwood city, Minnesota Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

As of 2026, Floodwood city, Minnesota has a total population of 482, the 511th largest city in Minnesota, with a median household income of $40,972, which is 53% lower than the state average. The poverty rate is 24.7%.

Key Takeaways

Floodwood city Quick Facts

Population 482
Median Household Income $40,972
Median Home Value $100,000
Poverty Rate 24.7%
Unemployment Rate 6.2%
Median Age 41.1 years
Homeownership Rate 73.2%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 6.7%
High School Graduation Rate 91.7%
Diversity Index 15/100
Population 482 511th of 913
Median Income $40,972 bottom 10%
Poverty Rate 24.7% 99% higher national
Median Home Value $100,000 bottom 20%

How Floodwood city Compares

Economy & Housing

Employment

6.2% Unemployment Rate State: 3.9% | National: 5.2%
56.2% Labor Force Participation

Housing Overview

Owner 73.2%
Renter 26.8%
Affordability Index Very Affordable
2.4x home value to income ratio

People & Demographics

Diversity Index

15out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Floodwood city Rankings in Minnesota

#511 Population of 913
#822 Median Income of 913
#829 Education of 913
#701 Home Value of 913

Other Cities in St. Louis County

CityPopulationMedian IncomePovertyHome Value
Duluth city 86,863 $66,263 17.2% $225,700
Hibbing city 16,100 $55,463 14.2% $123,900
Hermantown city 10,192 $92,026 5.1% $374,000
Virginia city 8,362 $48,321 23.2% $117,500
Chisholm city 4,731 $54,815 11.2% $108,100
Rice Lake city 4,120 $95,347 6.8% $283,700
Eveleth city 3,470 $47,721 19.0% $91,800
Ely city 3,239 $46,042 15.9% $150,800
Proctor city 3,102 $80,913 5.3% $219,500
Mountain Iron city 2,865 $81,607 9.3% $180,700

Cities Similar to Floodwood city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Verndale city479$44,083$105,50013.8%13.6%
Elmore city442$40,938$45,8008.9%27.4%
Cass Lake city492$47,045$109,10021.5%24.5%
Barnum city491$49,583$131,30019.8%23.4%
Bigfork city430$40,875$147,90011.1%26.7%

Population Overview

Floodwood city is a small community located in Minnesota, within St. Louis County. The total population is 482. It ranks as the 511th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Floodwood city is 41.1 years. This is 6% higher than the state median of 38.6 years. With 28.2% of the population under 18, Floodwood city has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Floodwood city is $40,972. This is 53% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 48% lower. The poverty rate stands at 24.7%. This is 169% higher than the state poverty rate of 9.2%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 6.2%. This is 58% higher than the state rate of 3.9%. The median home value is $100,000. Housing costs are 67% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.4x, Floodwood city is one of the most affordable housing markets in the area. 73.2% of occupied housing units are owner-occupied. This homeownership rate is 1% higher than the state average of 72.4%.

Race & Ethnicity

Floodwood city has a predominantly White (non-Hispanic) population, comprising 91.9% of all residents. Black or African American residents account for 1.7%. The Black or African American population (1.7%) is well below the state average of 6.7%. The Hispanic or Latino population (0.8%) is well below the state average of 6.2%.

Education

6.7% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 83% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.7%.

Data Sources & Methodology

All demographic data for Floodwood city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Floodwood city, Minnesota?

Floodwood city, Minnesota has a population of 482 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Floodwood city, MN?

The median household income in Floodwood city is $40,972, which is 48% lower the national median of $78,538.

What is the poverty rate in Floodwood city, MN?

The poverty rate in Floodwood city is 24.7%. This means approximately 115 residents live below the federal poverty line.

What is the racial makeup of Floodwood city, Minnesota?

Floodwood city's population is 91.9% White, 1.7% Black, 0.8% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Floodwood city, MN?

The median home value in Floodwood city is $100,000. The home-value-to-income ratio is 2.4x.

How educated is Floodwood city, Minnesota?

6.7% of adults (25+) in Floodwood city hold a bachelor's degree or higher, and 1.0% hold a graduate or professional degree.